Canola Futures

Description

The canola futures contract is the world benchmark for canola
trading. The contract prices physical delivery of canola seed
free-on-board trucks or rail cars in the par delivery region in
Central Saskatchewan.

Market Specifications

Trading Screen Product Name

Canola Futures

Trading Screen Hub Name

WCE

Contract Symbol

RS

Pricing Basis

Free on Board value at points in the Par region.

Currency

Canadian dollars.

Delivery Months

January, March, May, July, November.

Deliverable Specifications

Contract deliverable grades shall be based on primary elevator grade standards as established by the Canadian Grain Commission (CGC).Non-commercially clean Canadian canola with maximum dockage of 8%; all other specifications to meet No. 1 Canada canola at par; or
Deliverable at $5.00/net tonne premium: commercially clean No. 1 Canada canola; or
Deliverable at $8.00/net tonne discount: commercially clean No. 2 Canada canola; or
Deliverable at $13.00/net tonne discount: non-commercially clean Canadian canola, with maximum dockage of 8%; all other specifications to meet No. 2 Canada canola.
Varieties derived from GMOs are deliverable

Delivery Points

Par: Par area in Saskatchewan.
Central East: Non-par locations in Saskatchewan at $0.00/tonne
discount.
Central West: Non-par locations in Saskatchewan at $2.00/tonne
premium.
Eastern: Non-par locations in Manitoba at $2.00/tonne discount.
Western: Non-par locations in Alberta (excluding the Peace River
District of Alberta) at $6.00/tonne premium.
Peace River: Non-par locations in Alberta and British Columbia
known as the Peace River District at $2.00/tonne premium.